TPG Capital Agrees to Acquire GlobeOp Financial Services for $800 Million
TPG Capital LLP agreeed to buy GlobeOp Financial Services SA (GO/), a hedge fund administrator, for about 508 million pounds ($800 million).
The private equity firm will pay 435 pence a share in cash, 49 percent more than the closing price on Jan. 5, the day before GlobeOp said it was in talks to be acquired, TPG said in a statement today.
To contact the editor responsible for this story: Edward Evans at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.